Under Contract - Conditions on loan - What are my options??

[Jim Doyle]

I’m currently under contract for an off-market home that is being sold “as is.” I’m purchasing the home through an estate via the sister of my neighbor, her and I are in contact and she is considered a friend. The home itself is in a great location in Seattle, but very dated and needs a lot of work. I got a good deal on the home, approximately $50 – $100k under market value, but I now have conditions for the conventional loan. The roof needs to last at least 3 years and it more than likely needs to be replaced and I need to update the panel box from fuses to circuit breaker. I’m trying to see if I have any options with the seller. We have already agreed on a price, and now I’d like to see if I can either get her to pay for some of the fixes, lower the price, or see if If there is a way to integrate the repair costs into the mortgage. Thoughts? I close on June 14th.